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Re: OMOLIVES post# 106941

Friday, 01/21/2022 11:09:28 PM

Friday, January 21, 2022 11:09:28 PM

Post# of 161159
“Inventory is the total share count. That is physical inventory that needs to be sold. Unbelievable....serious;y. End of discussion man...“

That is not a term used in the securities market. It is an accounting term used by companies regarding the sale rate of a product relative to the inventory level.

https://en.m.wikipedia.org/wiki/Inventory_turnover

The “total share count” is the outstanding shares ISSUED by the company. It is not a “physical inventory” which has zero to do with what we are taking about. Where on earth did that come from?

Unbelievable indeed. <smh>

"Harsh reality is always better than false hope"

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